Sioux Falls has Low Tax Rates

 Photo by Karolina Grabowska from Pexels
Another Factor that makes the economy of Sioux Falls so great is the tax rates.
The state of South Dakota has no income tax, being one of only nine states in the nation that does so.

The sales tax rate in Sioux Falls, similar to many other parts of our economy, is better compared to the national average. Our sales tax rate is 6.5%, while the national average is 7.3%.

These low tax rates are a large part of the reason why the cost of living in Sioux Falls is more affordable compared to other states.
 
 
 


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